Productivity

To boost B.C.'s lacklustre paycheques and protect British Columbians' standard of living, the province needs to tackle an unseen crisis: B.C.'s decade-long productivity decline.

The Issue: 

The single biggest determinant of a jurisdiction's per-capita income and living standards is productivity performance. Countries that are innovative and able to adapt to shifts in the global economy will see high productivity and thus a superior standard of living.

In this regard, Canada and B.C have not fared well against competing jurisdictions. B.C. has seen its productivity levels fall in both a Canadian and international context.  This has resulted in stagnant wage growth and a fall in B.C.’s share of Canadian GDP.

Despite these results, B.C. has seen successive governments ignore the need for a co-ordinated focus on improving the province's productivity.

Our Goal: 

Through partnerships with government, educators and trainers, the BC Chamber's goal is to develop programs and policy initiatives to enhance B.C.’s productivity performance.

We Recommend: 

In 2014, the BC Chamber has engaged with over 200 CEOs in communities across the province through Competitiveness BC forums.

A full report outlining the actions all stakeholders can take to encourage productivity growth will be forthcoming.

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